321 DAVID STREET
Toronto · P1P1L9
$1,299,000
About this residence
Turnkey 4-Plex Investment Opportunity Near Gull Lake Gravenhurst. Exceptional opportunity to own a purpose-built 4-plex just minutes from beautiful Gull Lake in the heart of Gravenhurst. Built in 2020, this well-maintained income property features 3 spacious 2-bedroom units and 1 bright wheel chair accessible 1-bedroom unit, each designed for modern, low-maintenance living. Each unit offers open-concept layouts, full kitchens, in-suite laundry, and private entrances. The building is separately metered for electricity allowing for tenant-paid heat, and includes ample parking for residents and guests. With strong rental demand in this sought-after Muskoka location, this property is ideal for investors seeking steady cash flow and long-term growth. Ask about the Rent Control Exemption for Newer Units (Post-November 15, 2018). Located in a quiet, established neighbourhood close to schools, parks, and downtown amenities. A rare investment gem just 5 years new and ready to generate returns from day one. Taxes for 2024 = $8,131.34 (id:61366)
Property details
- Property type
- Multi-family
- Style
- Fourplex
- Bedrooms
- 7 (7 above)
- Bathrooms
- 4
- Storeys
- 2
- Living area
- 3,500–5,000 sq ft
- Lot size
- 66.6 x 131.2 FT
- Frontage
- 66.7 feet
- Parking
- 8 spaces
- Annual tax
- $8,270
- MLS®
- X12318470
- Board
- Toronto
- Status
- Inactive
- Listed
- Aug 1, 2025
- Updated
- Oct 23, 2025
Features & finishes
Appliances
- Washer
- Refrigerator
- Dryer
- Stove
- Water Heater
- Water meter
Heating
- Baseboard heaters
- Electric
Exterior
- Vinyl siding
Foundation
- Slab
Parking
- No Garage
Lot
- Wooded area
- Flat site
- Dry
- Conservation/green belt
Sewer & Utilities
- Sanitary sewer
- Cable
- Electricity
- Sewer
Views
- City view
Financing
Estimated monthly payment
$6,075/mo
Loan amount
$1,039,200
Down payment
$259,800
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Toronto
Nearby
About the area
Census · P1P- 11,083
- Population
- 54
- Median age
- $72,500
- Median income
- $500,000
- Median home value
- 76%
- Home ownership
- 25 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 321 DAVID STREET?
321 DAVID STREET is listed for $1,299,000, in Toronto.
How many bedrooms and bathrooms does 321 DAVID STREET have?
It offers 7 bedrooms and 4 bathrooms.
What type of home is 321 DAVID STREET?
321 DAVID STREET is a Multi-family, Fourplex set over 2 storeys.
How large is 321 DAVID STREET?
The home offers approximately 3,500–5,000 sq ft of living space on a lot measuring 66.6 x 131.2 FT.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $6,075. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $8,270 per year.
Is there parking?
Yes — 321 DAVID STREET includes 8 parking spaces.
What is the Toronto area like?
Toronto has a population of about 11,083, a median age of 54, a 76% home-ownership rate, with an average commute of about 25 minutes.
What is the average home value in Toronto?
The median dwelling value in this area is approximately $500,000, based on census data via Neighbourly.
What is the median household income in Toronto?
The median household income in this area is approximately $72,500.
Similar residences
Comparable Fourplex near Toronto at a similar price.
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